ADDRESS
62 E Park Place
Morristown, NJ 07960
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$3,500,000
163 Days On Site
15-19 Stone StreetNewark City, 07104
For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
5,192
SqFt
$674
/SqFt
1989
Built
County:
Essex
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973-349-0459
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Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market.
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Listing Snapshot
Price
$3,500,000
Days On Site
163 Days
Bedrooms
N/A
Inside Area (SqFt)
5,192 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.12 Acres
Year Built
1989
MLS® Number
3908027
Status
Active
Property Tax
$23,560
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 5 months ago | Listing updated with changes from the MLS® | |
| 5 months ago | Listing first seen on site |
General Features
Acres
0.12
Number Of Stories
4
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
SqFt Total
5192
Utilities
Natural Gas Available
Water Source
Public
Zoning
-
Interior Features
Cooling
Central Air
Flooring
Tile
Heating
ElectricForced AirNatural Gas
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Exterior Features
Construction Details
Brick
Listing courtesy of SIGNATURE REALTY NJ 9085383133
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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